Thursday, 01 August 2019 01:20

Bain Capital merges ChinData, Bridge Data Centres as part of pan-Asian market strategy

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Private investment firm Bain CapitalBain Capital has announced the merger of ChinData, a leading Chinese operator of campus-style, hyperscale data centres, and Bridge Data Centres, a wholesale and custom build data centre company,

Bain issued a statement this week saying the merger of the two companies formed one of the leading pan-Asian data centre platforms.

Under the merger, the new parent company, ChinData Group, will continue to operate under the ChinData and Bridge brands respectively.

Bain Capital acquired ChinData in May 2019 from Wangsu Science & Technology Co. Ltd and has owned Bridge Data Centres since 2017.

Bain says the combined company delivers hyperscale, wholesale and custom-build data centre solutions to leading regional and global customers, with facilities in China, India, and Southeast Asia.

And Bain says the merged company currently has delivered over 100 MW of contracted capacity and is still under continuous and full-speed development.

Jonathan Zhu, co-head of Asia Private Equity for Bain Capital, said: “This deal demonstrates Bain Capital’s capabilities as a truly cross-regional, multi-asset class investment platform.”

“The combined entity brings together the best minds to power the Asian data revolution, especially in China and India, the two largest and most promising markets globally.

“ChinData Group will be able to move quickly to serve customers on a pan-Asian regional basis and build a differentiated position in the market.”

Barnaby Lyons, a Managing Director and Head of Asia for Bain Capital Credit, said: “This transaction showcases that Bain Capital, with both private equity and special situations teams, can provide a wide spectrum of solutions to businesses in Asia looking for growth capital.”

Bain Capital’s investment in the combined entity is funded from vehicles managed by Bain Capital Private Equity and Bain Capital Credit, and according to Bain the ChinData Group is poised to benefit from the “dramatic growth in demand among enterprises for cloud services and the expansion of opportunities in Asia for international cloud providers that require high performance mission critical data centre facilities”.

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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